Eisai, Renown, Seiko Epson, Softbank: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Bit-isle Inc. (3811) (3811 JQ): The Internet data center operator said first-half net income jumped 81 percent to 439 million yen ($5.4 million) on a 20 percent gain in sales. The stock soared 5.1 percent to 142,100 yen.
Eisai Co. (4523 JT): The drugmaker forecast sales will be little changed for the next five years after losing patent protection on its Aricept pill, the world’s bestselling treatment for Alzheimer’s disease. Revenue may exceed 800 billion yen in the year ending March 2016, the company said in presentation material. It had sales of 803.1 billion yen last fiscal year and is forecasting 770 billion in revenue for the 12 months ending March 31. The stock increased 0.7 percent to 3,110 yen.
Kourakuen Corp. (7554) (7554 JT): The noodle-shop operator said sales at restaurants open for at least 13 months fell 12.5 percent in February from the same month a year earlier, dragged down by lower customer traffic. The stock rose 0.2 percent to 1,258 yen.
Renown Inc. (3606) (3606 JT): The apparel maker said in a preliminary earnings statement that full-year net loss totaled 1.6 billion yen, wider than its 600 million yen loss outlook. The stock gained 1.9 percent to 218 yen.
Seiko Epson Corp. (6724) (6724 JT): The maker of electronic devices will spend $110 million to build a projector and inkjet printer plant in the Philippines, according to a statement on its website. The stock advanced 1.2 percent to 1,361 yen.
Softbank Corp. (9984) (9984 JT): Japan’s third-largest mobile- phone operator will sell the new version of Apple Inc. (AAPL)’s iPad in Japan, the company said in an e-mailed statement. Softbank rallied 4.8 percent to 3,410 yen.
Sysmex Corp. (6869) (6869 JT): The maker of clinical test equipment said it will conduct a 2-for-1 stock split. The stock rose 0.2 percent to 5,240 yen.
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